Question

A family buys a studio apartment for $140,000. they pay a down payment of $42,000.

a. Their down payment is what percent of the purchase​ price?

b. What percent of the purchase price would a ​$7,000 down payment be?

Answer 1

a: 30%

b: 5%

Explanation:

a: (42,000/140,000)*100

b: (7,000/140,000)*100